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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Zebra 365 who wrote (8408)	3/13/1998 8:50:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

Zebra: Peter F has been trying to keep up with the float... maybe he can send you the address where he posts all that info. But I suspect that his numbers are a little behind all the recent insider selling and therefore I think the float is somewhere between 16 and 16.5 million. Over 900,000 option shares were exercised by four insiders and many were sold recently. Sequoia had been selling shares into the year end and may have well sold more shares or maybe even the balance of their shares which would take the float up to over 20 million. I have a question that I would like answered by anyone who knows. When options are exercised, a portion of the options are generally used to pay for the exercise price, for example if you exercise options on 1000 shares and the exercise price is $25 and the stock is now $50, a portion of the 1000 shares is used to pay for the stock instead of putting up cash. So the employee ends up with around 500 shares free and clear (I'm assuming no taxes etc). So my question is, are the other 500 shares sold in the market? If so then the float increases automatically if any employee is exercising options. Since one of the last proxy statements showed over 10 million options and figure they can be exercised over a 10 year period then the float increases a million a year. Just a guess here.... I will say that this company is notorious for hiding the float numbers and using the float at the end of one year as the float for the whole of the next year.